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04/17/2024 - Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change, a new study published in “Nature” finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees. Based on empirical data from more than 1,600 regions worldwide over the past 40 years, scientists at the Potsdam Institute for Climate Impact Research (PIK) assessed future impacts of changing climatic conditions on economic growth and their persistence.
Coal and gas exports expected to remain roughly at current level until at least 2035 with 4.5% of emissions linked to Australia, report finds
Offsetting allows corporations to increase emissions, while getting credit for pseudo-reductions elsewhere
Loss and damage from climate change is already costing vulnerable communities dearly. These communities have played almost no role in causing the climate crisis, yet they are now paying for it with damaged and destroyed homes and schools, lost crops and livelihoods, and the loss of loved ones.
Our World at Risk: Transforming Governance for a Resilient Future
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